GITNUX MARKETDATA REPORT 2024
Industrial Distribution Industry Statistics
The industrial distribution industry encompasses the wholesale distribution of industrial products across various sectors, serving as a critical link in the supply chain.
In this post, we explore the latest statistical insights into the Industrial Distribution Industry, shedding light on its growth trajectory, revenue projections, market segmentation, technological investments, and upcoming challenges. From annual growth rates to the rise of AI and the influence of online sales, these statistics provide a comprehensive overview of the industry landscape.
Statistic 1
"Industrial Distribution Industry has an annual growth rate of 1% from 2015 to 2020."
Statistic 2
"Revenues of the Industrial Distribution Industry are expected to reach $159 billion by 2022."
Statistic 3
"It is expected that by 2024, the industrial distribution market will reach $185.17 billion."
Statistic 4
"Electrical and electronic goods account for 28% of total industry sales."
Statistic 5
"Industrial Distribution Industry net profit margin stood at 4.1% in 2018."
Statistic 6
"China is predicted to be the fastest growing market for industrial distribution."
Statistic 7
"The Industrial Distribution Industry can be subdivided into multiple segments including MRO (maintenance, repair, and operating supply) and OEM (original equipment manufacturer) products."
Statistic 8
"About 17% of industrial distributors have online sales accounting for more than 10% of their total."
Statistic 9
"The industrial distribution industry invested an estimated $2.9 billion in digital infrastructure in 2019."
Statistic 10
"Eight out of ten Industrial distributors face a significant challenge from direct-to-customer sales by manufacturers."
Statistic 11
"There is a projected increase of 6.9% in the rise of AI in the industrial distribution sector by 2025."
Statistic 12
"As of 2019, 50.5% of distributors are using customer relationship management (CRM) software."
Statistic 13
"Amazon Business is the number one industrial distribution site with $15 billion in sales as of 2018."
Statistic 14
"In 2019, the Industrial Distribution Industry in the U.S. saw a net margin of 4.1%."
Statistic 15
"Industrial Distribution Industry is projected to grow at a CAGR of 3.2% from 2021 to 2026."